* PRICING ANNOUNCEMENT

* RAISED AGGREGATE AMOUNT OF R15.4 BILLION, THROUGH PLACEMENT OF 750 MILLION SHARES AT A PRICE OF R20.50 PER SHARE

* BASED ON A TOTAL SHARES IN ISSUE AT SETTLEMENT DATE, PLACEMENT PRICE IMPLIES A TOTAL MARKET CAPITALISATION OF R70.7 BILLION FOR STAR

* PROCEEDS FROM PRIVATE PLACEMENT (NET OF COSTS) WILL BE DISTRIBUTED TO SUBSIDIARIES OF STEINHOFF INTERNATIONAL

* PLACEMENT SHARES WILL, UPON THEIR ISSUE, REPRESENT APPROXIMATELY 21.74% OF TOTAL ISSUED SHARES IMMEDIATELY AFTER LISTING Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)